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Question 6 of 10 ili View Policies Current Attempt in Progress Wildhorse Corporation has the following investment which was held throughout 2021-2022: Fair Value Cost

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Question 6 of 10 ili View Policies Current Attempt in Progress Wildhorse Corporation has the following investment which was held throughout 2021-2022: Fair Value Cost 12/31/21 12/31/22 Equity investment $972000 $1281000 $1230000 What amount of gain or loss would Wildhorse Corporation report in its income statement for the year ended December 31, 2022 related to its investment, if the fair value method of accounting was used? $51000 loss $258000 gain 551000 gain $309000 gain. e Textbook and Media Save for Eater Attempts: Oof 1 used Submit Answer Type here to search C 3 c 2

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